Launch of the “Family Credit Card”! After the family loan loan, the microcredit family grant, now it is the turn of the Family grant credit card – According to a rumor that runs the web, Caixa Econômica Federal is preparing a great launch in the first half of a credit card for beneficiaries who receive help from the government.
The card will have its own banner, unlike traditional cards that have Visa or MasterCard. The launch is expected to make a lot of noise since many cards like Nubank, Next, Trigg, Inter and others are contesting the slap every Brazilian citizen.
The credit card family as they are calling, was created to cater to the low-income population, and in principle, their initial basis should already start with about 15 million customers, including all family scholarship recipients enrolled and properly updated in the system.
X Family Credit Card
The Family Purse Card is totally different from private or prepaid credit card. Firstly because the beneficiary’s card only allows withdrawals from the welfare program, second because it can not buy anything in commerce in general.
But, as a credit card, its holder has access to a pre-approved credit line with a value established by a credit company or financial institution, with it, it is possible to pay for purchases in both physical and online stores, and many many other benefits.
I hope that up to now we are certain that we are talking about two types of cards, yes, because one of the biggest doubts of the beneficiaries of the family scholarship is if with the yellow card they can shop in stores as if it were a credit card. Can not!!!
Credit Card Family Pledge: Is It Possible?
Despite the controversy, with the family grant it is possible to borrow personal loans and microcredit with the lines of funding released for this modality, the problem is the obstacles that the banks imposes to make the release.
Normally, if you have a credit card you need to prove your income, the income can be proven with a benefit from the federal government, a pension, a pension, etc. So we can conclude that the family scholarship program generates a proven type of income that may be the medium that can have your credit card released.
X Family Credit Card
To approve a line of credit, the bank will analyze the financial profile of who is looking for this line of credit. This is done by analyzing the income of those applying for a loan or credit card, and each bank has a different methodology.
However, for approval on most credit cards in the market, the minimum income is a minimum wage or a little less. Therefore, in credit analysis for most credit cards, anyone who has only as income the family grant will not have the credit card approved.
Warning: there is no credit card family bag yet. The card that exists is just the benefit card, which has no credit function.
How to get a credit card?
You can try to prove your extra monthly income in some conventional ways, such as receipts for extra jobs, tips like UBER, or other bank documents that prove the income or the income that the administrator needs. We do not know if it is possible to prove income with the family card.
Another way to get a credit card without consultation is the paycheck card, although the limit is linked to the receipt, it can be useful for small purchases. Another easy option is to apply for a store credit card without a request. These digital credit cards is what there is, they are easier to have approved limits for different income ranges, starting at $ 300 reais. But do not expect too high limits.
We hope to have collaborated in some way. It is not guaranteed that you will get a credit card using your family purse card as income, but it does not cost a try.
As for the credit card family loan that will be released this semester, according to rumors, always visit our website, we will be attentive and will release as soon as the launch is made by the federal government in conjunction with its state bank.